I am a relatively new shareholder in AZZ. If I was looking at any other stock and it had the assets or the deal I would assume it would trade at least in the 70c range - I not only think that the market does not believe them it is looking at saying that even if this deal happens - management wont look after shareholders in any deal. The price has to be a reflection on what the market thinks of management in my opinion.
The meeting has been called the document has been sent to shareholders so a 10% discount maybe but the DD must have been done and the company would have withdrawn by now - unless its a complete scam - which I dont believe.
I cannot explain this and yet I wont buy more as it seems the market will continue to ignore this company and the deal. I wont sell either so really just doing nothing.
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